Harneys has won three Deal of the Year Awards from China Business Law Journal for its work on New Frontier Corporation’s acquisition of United Family Healthcare, SenseTime Group Inc.’s Series C Prime financing, and Fosun Tourism Group’s listing on the Hong Kong Stock Exchange.
Harneys advised New Frontier Corporation on its US$1.3 billion acquisition of United Family Healthcare, one of the largest premium private healthcare operators in China. Partner Yin Xu led the Harneys team with support from Associate Lily Zhang.
Harneys advised SenseTime Group Inc., the world’s leading artificial intelligence platform company, on its Series C Prime financing. Prior to the financing, the company was valued at US$7 billion. Local counsel Llinks Law Offices led the transaction and Harneys Partner Yin Xu acted as Cayman counsel.
Harneys represented Fosun Tourism Group, the largest tourism resort group in the world by revenue and subsidiary of Fosun International. The company was listed on the Hong Kong Stock Exchange in December 2018 with an IPO of US$428 million. Partners Marco Martins and Raymond Ng acted as Cayman counsel.
Head of Transactional Asia, Paul Sephton, said: “These awards highlight the outstanding performance of our Asia teams who have acted on a number of groundbreaking deals both in China and elsewhere. I thank our clients for their support and congratulate each of the lawyers who worked on these transactions.”
The China Business Law Journal’s awards are presented annually and are based on hundreds of nominations from in-house counsel and other qualified observers, and research conducted by China Business Law Journal’s editorial team. A complete list of the winners and more information about the awards can be found here.
Harneys’ Asia practice is known as one of the most dynamic and fastest growing offshore legal teams in the region. The firm’s three full-service offices across Hong Kong, Singapore and Shanghai represent the largest Asia network of any offshore law firm. Its Shanghai practice remains the only full-service offshore legal team on the ground in the PRC.